Tcw Global Correlations

TGGBX Fund

USD 8.27 0.02 0.24%

The current 90-days correlation between Tcw Global Bond and Aqr Diversified Arbitrage is -0.1 (i.e., Good diversification). The correlation of Tcw Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Tcw Global Correlation With Market

Good diversification

The correlation between Tcw Global Bond and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tcw Global Bond and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tcw Global Bond. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with Tcw Mutual Fund

0.97	TGCFX	Tcw E Fixed	Pair Corr
0.97	TGCPX	Tcw Core Fixed	Pair Corr
0.91	TGEIX	Tcw Emerging Markets	Pair Corr
0.92	TGEPX	Tcw Funds	Pair Corr
1.0	TGGFX	Tcw Global Bond	Pair Corr
0.92	TGINX	Tcw Emerging Markets	Pair Corr
0.95	TGLSX	Tcw Total Return	Pair Corr
0.95	TGWIX	Tcw Emerging Markets	Pair Corr
0.95	TGWNX	Tcw Emerging Markets	Pair Corr
0.97	FGBRX	Templeton Global Bond	Pair Corr
0.96	FBNRX	Templeton Global Bond	Pair Corr
0.99	CCWCX	Capital World Bond	Pair Corr
0.98	RCWGX	Capital World Bond	Pair Corr
0.98	RCWFX	Capital World Bond	Pair Corr
0.84	FHKCX	Fidelity China Region	Pair Corr

Moving against Tcw Mutual Fund

0.45	TGCEX	Tcw Select Equities	Pair Corr
0.41	TGCNX	Tcw Select Equities	Pair Corr
0.71	SMPIX	Semiconductor Ultrasector	Pair Corr
0.7	RGNCX	Victory Global Natural	Pair Corr
0.69	SMPSX	Semiconductor Ultrasector	Pair Corr
0.57	RSNRX	Victory Global Natural	Pair Corr
0.56	RSNYX	Victory Global Natural	Pair Corr
0.43	TGVNX	Tcw Relative Value	Pair Corr
0.43	TGVOX	Tcw Relative Value	Pair Corr

Related Correlations Analysis

	QDARX	BICPX	PDSYX	EXDAX	JLCGX	FUEMX
QDARX		0.63	0.56	0.73	0.73	0.92	QDARX
BICPX	0.63		0.81	0.98	0.99	0.72	BICPX
PDSYX	0.56	0.81		0.82	0.81	0.54	PDSYX
EXDAX	0.73	0.98	0.82		0.99	0.8	EXDAX
JLCGX	0.73	0.99	0.81	0.99		0.79	JLCGX
FUEMX	0.92	0.72	0.54	0.8	0.79		FUEMX
	QDARX	BICPX	PDSYX	EXDAX	JLCGX	FUEMX

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Risk-Adjusted Indicators

There is a big difference between Tcw Mutual Fund performing well and Tcw Global Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Tcw Global's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
QDARX	0.08	0.04	0.90	2.14	0.00	(0.13)	0.25	(0.08)	0.49
BICPX	0.23	0.03	0.26	0.07	0.20	(0.31)	0.54	(0.44)	1.55
PDSYX	0.16	0.02	0.39	0.06	0.11	(0.19)	0.31	(0.30)	0.69
EXDAX	0.20	0.03	0.35	0.12	0.11	(0.28)	0.39	(0.38)	1.32
JLCGX	0.20	0.03	0.34	0.10	0.11	(0.27)	0.49	(0.30)	1.19
FUEMX	0.04	0.01	0.00	0.90	0.00	0.00	0.10	0.00	0.40

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